HomeMy WebLinkAbout13-35 - Approving the successor agency's administrative budget for the 13-14B six-month fiscal period of January 1, 2014 toSUCCESSOR AGENCY RESOLUTION NO. 13- 35
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY'S
ADMINISTRATIVE BUDGET FOR THE 13-14B SIX-MONTH FISCAL PERIOD OF
JANUARY 1, 2014 TO JUNE 30, 2014 PURSUANT TO HEALTH AND SAFETY CODE
SECTION 341770)
THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY
DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the former Costa Mesa Redevelopment Agency ("former Agency")
was established as a redevelopment agency that was previously organized and existing
under the California Community Redevelopment Law, Health and Safety Code Section
33000, et seq., and previously authorized to transact business and exercise powers of a
redevelopment agency pursuant to action of the City Council of the City of Costa Mesa
("City"); and
WHEREAS, Assembly Bill x1 26 chaptered and effective on June 27, 2011
added Parts 1.8 and 1.85 to Division 24 of the California Health & Safety Code, which
caused the dissolution of all redevelopment agencies and winding down of the affairs of
former agencies, including as such laws were amended by Assembly Bill 1484
chaptered and effective on June 27, 2012 (together, the "Dissolution Laws"); and
WHEREAS, as of February 1, 2012 the Agency was dissolved pursuant to the
Dissolution Laws, and as a separate public entity, corporate and politic the Successor
Agency to the Costa Mesa Redevelopment Agency ("Successor Agency") administers
the enforceable obligations of the former Agency and otherwise unwinds the former
Agency's affairs, all subject to the review and approval by a seven -member oversight
board ("Oversight Board"); and
WHEREAS, pursuant to Section 34179 the Successor Agency's Oversight Board
has been formed and its initial meeting occurred on April 19, 2012; and
WHEREAS, Section 34179 provides that the Oversight Board has fiduciary
responsibilities to holders of enforceable obligations and the taxing entities that benefit
from distributions of property tax and other revenues pursuant to Section 34188 of Part
1.85 of the Dissolution Laws; and
Successor Agency Resolution No. 13-35 Page 1 of 3
WHEREAS, Section 34177(j) requires the Successor Agency to prepare a
proposed administrative budget covering the 13-14B fiscal period from January 1, 2014
to June 30, 2014 and submit it to the Oversight Board for approval; and
WHEREAS, pursuant to Section 341770), the Successor Agency's
"Administrative Budget" is to include all of the following: (a) estimated amounts of the
Successor Agency's administrative costs for the up -coming six-month fiscal period;
(b) the proposed sources of payment for the costs identified in (a); and (c) proposals for
arrangements for administrative and operations services provided by the city serving as
Successor Agency; and
WHEREAS, the Successor Agency's proposed Administrative Budget for the 13-
14B six-month fiscal period of January 1, 2014 to June 30, 2014 has been reviewed and
by this Resolution the Successor Agency desires to approve such Administrative Budget
and authorize submittal thereof to the Oversight Board for its review and approval; and
WHEREAS, the Administrative Budget, when and as approved by the Oversight
Board, will be provided to the County of Orange Auditor -Controller pursuant to Section
34177(k) so that the Successor Agency's estimated administrative costs in the approved
Administrative Budget will be paid from property tax revenues deposited into the
Redevelopment Property Tax Trust Fund for the applicable six-month fiscal period; and
WHEREAS, once the Oversight Board has reviewed and approved the
Successor Agency's Administrative Budget for the 13-14B six-month fiscal period of
January 1, 2014 to June 30, 2014, then the Successor Agency staff will cause to be
posted this Resolution, including the Administrative Budget, on the Successor Agency
website, and will transmit such to the County Auditor -Controller, the State Controller's
Office and Department of Finance ("DOF")
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO
THE COSTA MESA REDEVELOPMENT AGENCY:
Section 1. The foregoing recitals are incorporated into this Resolution by this
reference, and constitute a material part of this Resolution.
Section 2. Pursuant to the Dissolution Laws, the Successor Agency approves the
Administrative Budget for the 13-14B six-month fiscal period of January 1, 2014 to June
30, 2014 submitted herewith as Attachment 1 and incorporated by this reference.
Successor Agency Resolution No. 13-35 Page 2 of 3
Section 3. The Successor Agency authorizes transmittal of the Administrative Budget
for the 13-14B six-month fiscal period of January 1, 2014 to June 30, 2014 to the
Oversight Board for its review and approval and also directs staff to send the
Administrative Budget to the County Auditor -Controller and DOF once reviewed and
approved by the Oversight Board.
Section 4. The Assistant Finance Director of the Successor Agency or her authorized
designee is directed to post this Resolution on the Successor Agency website pursuant
to the Dissolution Laws.
Section 5. The Secretary shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 17th day of
06M. Righeimer, Chair
3essor Agency to the Costa Mesa
evelopment Agency
ATTEST:
Brenda Green, S cretary
Successor Agency to the Costa Mesa Redevelopment Agency
Successor Agency Resolution No. 13-35 Page 3 of 4
STATE OF CALIFORNIA ) F
COUNTY OF ORANGE ) ss.
-CITY OF COSTA MESA )
I, Brenda Green, Secretary of the Successor Agency to the Costa Mesa
Redevelopment Agency, hereby certify that the foregoing resolution was duly adopted
by the Successor Agency at a regular meeting held on the 17th day of September 2013,
and that it was so adopted by the following vote:
AYES: BOARD MEMBERS: Genis, Leece, Mensinger, Monahan, Righeimer
NOES: BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City
of Costa Mesa this 18th day of September, 2013.
Brenda Green, S retary
Successor Agency to the Costa Mesa Redevelopment Agency
Successor Agency Resolution No. 13-35 Page 4 of 4
SUCCESSOR AGENCY ADMINISTRATIVE BUDGET
01/01/2014- 06/30/2014
Personnel Expenditures
Department
Development Services
CEO
Finance
Finance
Finance
Position
Management Analyst (HV)
City Clerk (BG)
Budget Analyst (AP)
Accounting Supervisor (CT)
Asst Fin Director (CO)
Other Administrative Expenditures for period 01/01/14-06/30/2014
Department
Finance
Development Services
Development Services
Admin Services
Admin Services
Activi
Accounting/Audit Services
Legal
Consulting
Central Services
Postage
Annual Wages
Percent to
Benefits. etc.
S.A. Admin
125,829.00
43%
154,598.00
15%
138,034.00
10%
143,429.00
20%
195,244.00
25%
Total Personnel Expenditures
Annual S.A.
Admin Costs
6,000.00
60,000.00
14,000.00
200.00
162.10
Total Other Expenditures $ 80,362.10
Percentto
S.A. Admin
100%
100%
100%
100%
100%
Annual S.A
1.6I'i1riLermw
$
55,148.00
$
23,189.70
$
13,803.40
$
28,685.80
$
48,811.00
$ 169,637.90
6 Month Costs
01101114-
06/30/2014
3,000.00
30,000.00
7,000.00
100.00
81.05
$ 40,181.05
Total Admin Budget
Current Costs
01/01/14 - 06/30/2014
$
27,574.00
$
11,594.85
$
6,901.70
$
14,342.90
$
24,405.50
$
84,818.95
$ 125,000.00